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Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2024
Benefit Plans [Abstract]  
Net Periodic Benefit
The table below outlines the components of the Company’s net periodic benefit recognized during the three and nine months ended September 30, 2024 and 2023 for its pension and other postretirement benefit plans:

 
Three months ended September 30,
 
 
Pension Benefits
   
Other Postretirement Benefits
 
(dollars in thousands)
 
2024
   
2023
   
2024
   
2023
 

                       
Service cost
 
$
-
   
$
-
   
$
5
   
$
2
 
Interest cost
   
289
     
304
     
72
     
65
 
Expected return on plan assets
   
(762
)
   
(672
)
   
(332
)
   
(288
)
Amortization of net actuarial gain
   
(19
)
   
-
     
(184
)
   
(115
)
Amortization of prior service cost
   
-
     
-
     
4
     
4
 
Net periodic benefit
 
$
(492
)
 
$
(368
)
 
$
(435
)
 
$
(332
)


 
Nine months ended September 30,
 

 
Pension Benefits
   
Other Postretirement Benefits
 
(dollars in thousands)
 
2024
   
2023
   
2024
   
2023
 

                       
Service cost
 
$
-
   
$
-
   
$
14
   
$
7
 
Interest cost
   
867
     
910
     
216
     
197
 
Expected return on plan assets
   
(2,286
)
   
(2,013
)
   
(995
)
   
(867
)
Amortization of net actuarial gain
   
(57
)
   
-
     
(551
)
   
(343
)
Amortization of prior service cost
   
-
     
-
     
10
     
10
 
Net periodic benefit
 
$
(1,476
)
 
$
(1,103
)
 
$
(1,306
)
 
$
(996
)